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SMALL COMPANY TAXATION

OTS rejects lookthrough taxation proposal

CLOSE COMPANIES

Does unpaid share capital attract a s.455 liability?

You’re preparing the accounts for a new one-man company and note that the director shareholder hasn’t paid for the 1,000 £1 shares issued on subscription. Does the outstanding amount attract s.455 tax as a loan to a participator? More...
Last updated: 14.12.2018

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